Global Sheet Membrane Market – Size, Projections, Drivers, Trends, Vendors, and Analysis Through 2021 by Technavio
LONDON–(BUSINESS WIRE)–#Research–The global
sheet membrane market is projected to grow to USD 6.11 by
2021, at a CAGR of more than 6% over the forecast period, according to
Technavio’s latest report.
In this report, Technavio
covers the market outlook and growth prospects of the global
sheet membrane market for 2017-2021. Based on the applications,
the market is divided into roofing and building substructure segments.
A sheet membrane is a waterproofing membrane, which is available in the market in the form of rolls. They can be laid or deployed on the surface to safeguard the entry of water into the surface thus, making the surface water resistant. The wide array of advantages provided by sheet membranes is driving its adoption in the construction industry. |
Technavio’s research study segments the global sheet membrane market
into the following regions:
- APAC
- Americas
- EMEA
Sheet membrane market in APAC
“APAC is the largest and fastest-growing regional segment of the
sheet membrane market, supported by the growth in the construction
industry and increased adoption by major economies in the region,” says
Mahitha Mallishetty, a lead analyst at Technavio for biochemical
and biomaterials research.
Growing awareness regarding the benefits of sheet membranes, rapid
urbanization, and growing disposable incomes are expected to contribute
to the growth of the market in APAC. The demand for sheet membranes in
APAC will continue to be robust owing to the significant investments
made by the government and private sectors in the construction industry.
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Sheet membrane market in the Americas
The Americas occupied nearly a quarter of the sheet membrane market in
2016 and is expected to grow at a steady rate through the forecast
period. Factors such as the increasing focus on energy efficiency in
buildings and the imposition of many government regulations aimed at
reducing the energy consumption in buildings in the region are
responsible for the market’s growth. Also, the rising investments in
residential construction is a key driver for the market growth in the
region. Furthermore, the focus on the North American market towards the
use of eco-friendly waterproofing membranes is expected to add a boost
to the market growth.
Sheet membrane market in EMEA
“Countries such as Spain, Poland, France, Turkey, the UAE, and
Qatar are investing in new residential and commercial building
constructions, which is fueling the market growth for sheet membranes in
the EMEA region,” says Mahitha.
The sheet membrane market in EMEA is projected to be worth more than USD
1 billion by the end of 2017 and continue to grow rapidly due to
large-scale investments in the residential and commercial construction
sectors. The Middle East is the fastest growing market in the region due
to an increase in construction activities.
The top vendors in the global sheet membrane market highlighted in the
report are:
- BASF
- Dow Chemical
- Saint-Gobain
- Sika
- SOPREMA Group
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